DMX vs SPY
DoubleLine Multi-Sector Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | DMX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $98M | $789.1B | |
| Dividend Yield | 5.89% | 1.01% | |
| Holdings | 532 | 505 | |
| YTD Return | +1.81% | +13.39% | |
| 1Y Return | +4.78% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 1.8% | 15.3% | |
| Max Drawdown | -2.6% | -56.5% | |
| Fund Family | DoubleLine Funds | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Nov 29, 2024 | Jan 22, 1993 |
DMX vs SPY Performance
DoubleLine Multi-Sector Income ETF (DMX) is a ETF from DoubleLine Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DMX returned +4.78% while SPY returned +22.52%. Year to date, DMX is up 1.81% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 1.8% for DMX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -2.6% for DMX and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DMX charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, DMX currently yields 5.89% against 1.01% for SPY.
Holdings Overlap
DMX and SPY share 0 holdings out of 754 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DMX or SPY?
DMX has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, DMX or SPY?
Over the past year DMX returned +4.78% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), DMX annualized +5.32% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, DMX or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 1.8% for DMX. Worst drawdown: DMX -2.6% vs SPY -56.5%.
Should I hold both DMX and SPY?
DMX and SPY have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DMX and SPY?
DMX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 754 unique securities.
Which pays a higher dividend, DMX or SPY?
DMX yields 5.89% while SPY yields 1.01%, so DMX currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.